Friday, January 20, 2012

More help is coming for homeowners struggling to make their mortgage payments.

The government's Making Home Affordable program, HOPE NOW alliance and NeighborWorks America are sponsoring a mortgage help event Tuesday uptown. The free workshop is open to all homeowners at risk of foreclosure, offering face-to-face meetings with counselors and mortgage specialists.

The event takes place from 11 a.m. to 7:30 p.m. Tuesday at the Charlotte Convention Center, 501 S. College St. Homeowners will have a chance to talk to nonprofit counselors about possible alternatives to foreclosure and meet with representatives from more than a dozen major mortgage lenders, including Bank of America Corp. and Wells Fargo & Co.

Homeowners will be seen on a first-come, first-served basis and should bring all related documents, including mortgage information and hardship letters. For more information, visit www.MakingHomeAffordable.gov or www.HOPENOW.com.

These programs are a joke. I would like to see the Observer follow up with some people that attend and show the real process. This event is held to make the govt and banks look like they help people. Follow some homeowners and you will be amazed at how inefficient the banks really are. I don't know how BOFA stays in business with the absurd process they have in place to "help" people.

There are so many hooks in the HOPE program that very few borrowers would qualify for it. Only the big banks have the money to pay a the teams of employees to even review all of the application requirements much less implement the program.